Revolutionizing your business to meet its desirable profitability
The catastrophic waves of the COVID pandemic have adversely affected the business fraternity to its core. Needless to mention, every industry has witnessed pitfalls in this fire of massive havoc. Even the most resolute and celebrated organizations have been on the concerning radar of this epidemic. Companies are now thriving for external help to overcome these operational and financial challenges.
To this aid, Outsourcing is an insightful solution. It can be the one-stop destination for all the business operation predicaments, especially when a company is eyeing to cut down on redundant expenses. Outsourcing consultancy firms will not only eliminate the business load but also validate other facets to your business like access to the latest tech tools, examining potential risk factors, launching new projects and certainly much more.
Talking about that, Business Connect Magazine has handpicked one such notable enterprise in the industry, GI Outsourcing, serving the masses with its exceptional knowledge and acquaintance.
CATCHING A QUICK GLIMPSE
GI Outsourcing is a highly acclaimed and one of the fastest progressing names in the consultancy arena. It is ISO 9001 quality management system accredited, established by a UK Chartered Accountancy firm. From Management Accounting, Bookkeeping, taxation, recruitment, payroll, IT software, cloud computing, virtual CFO, controllerships to corporate advisory services, the venture provides optimum assistance for a plethora of services.
The company proffers a comprehensive account outsourcing service, with an enriched variety of service packages to embrace customer needs. Its prominent line of services comprises Bookkeeping, Management Accounts, SMART Services, Statutory Accounts, Payroll, Taxation and GI Cloud Consultancy. The team is remarkably associated with some of the leading Accountants in the UK and Ireland and a diverse range of SME’s, with a splendid specialization in the Hospitality, Legal, Recruitment, Property and Healthcare industries.
GI Outsourcing meets ISO standards for security (27001) and quality (9001) management systems, and GDPR compliant via the BS 10012:2017 framework. They have a prodigious presence in Mumbai, India and London, UK and over 200 adept and diligent finance and accounting professionals working to foster impeccable service to valuable customers. With its astounding service in the industry, the company has been accoladed with prestigious recognitions like the ‘British Accountancy Awards’, ‘2020 Innovation Awards’, ‘Operational Excellence and Quality’ at 19th Asian Outsourcing Awards, 2021 and considerably many to highlight.
ENLIGHTENING THE DIFFERENTIATING FACTOR
GI’s profound legacy, domain expertise and unmatched client services have made the firm a superior partner for global clients, enabling them a credible account outsourcing. The enterprise centralizes on comprehending client’s needs, value-creating innovation and empowering them by helping to develop more agile, adaptive ways of working, as opposed to just executing it. This ensures a competitive edge for the company.
Ever since GI Outsourcing was gloriously founded, the employees and customer have been the focal point of the company’s growth roadmap. They firmly believe in facilitating a staunch customer experience through their tremendous efforts and deliverables. Implementing the customer-oriented approach has always enabled the firm to anticipate the industry’s requisites and innovate futuristic means to sustain itself in the long run. The exquisite team renders premium services at the most economical prices by freeing up time and resource which allow the clients to focus on adding additional value.
FAVOURABLE TECHNOLOGY AT PAR
When we talk about an organization, technology plays an eminent role. In today’s sprightly moving world, it is imperative to top the tech game. Emerging technology that sets a new benchmark in the sector is essential for the company’s evolution. At GI, it is taken with the utmost consideration. The workforce keeps up with contemporary technology and ceaselessly looks forward to launching modernized resources.
The investments are categorically designed to succour clients at every step of their digital transformation journey. The firm’s steadfast solutions enable the clients to build distinct abilities in critical areas and ameliorate rational decision making. GI Outsourcing incessantly indulges in improvising the technology landscape to add exceptional value for its clients. Built on leading cloud account software, their solutions are scalable, flexible and cost-effective with ideation to boost business productivity and profitability.
KEY DIFFERENTIATORS FOR GI:
There are many challenges that Accounting companies encounter operating in the accounting industry. One of the main challenges is finding and retaining high-quality staff. We have developed a service model specifically designed to help you overcome these challenges: DRM’
The benefits of Dedicated Resource Model (DRM):
- An affordable and efficient alternative to in-house recruitment
- No training fees
- Zero employer liability
- Consistent work quality
- Fixed fees – no surprises
Dedicated Resource Model (DRM):
DRM is a bespoke service designed for accountancy firms. GI has seen tremendous success and has institutionalised this model resulting in more than doubling its volume of revenue from this service line. Some advantages gained by clients include;
- Yearly Fixed Fees: GI provides dedicated employees who work exclusively for the clients. The fee includes recruitment fees, training, equipment, office space and wages.
- Staff Control: The ardent employee reports directly to the client or whomsoever they assign in the practice. We then set up an email address linked to the client’s practise for facile communication. Upon completion, the client can work accordingly.
- Manager Allocation: The clients are assigned a shared manager with whom they can liaise when the need arises. However, the day to day communication will be the client’s dedicated staff member.
- Payment Wages: The fee is split into 12 monthly instalments. Fees are reviewed annually and there may be a hike with an increase in the staff salaries. This is subject to feedback, appraisal and approval by the client.
APART FROM DRM, GI ALSO FOCUSES ON THE SMART MODEL:
We have a SMART model which is an embellishing service developed by GI. It allows a business or accountancy practise to completely outsource its finance function. This typically results in a significant improvement to a practice or business insights by deploying enhanced management reporting and up-to-date financial information. They offer SMART service on a white-label basis.
A smarter way to meet your client needs , Our SMART services portfolio provides end to end support to meet the needs of accountants working with clients from various sectors, including hospitality, health, recruitment, property, car dealerships, construction and more. We provide a range of Finance & Accounting (F&A) services including:
Procure to Pay
- Supplier Management
- Digital Data Capture
- Purchase Order Management
- Invoice Approval & Recording
- Payment Proposal & Run
- Aged Creditors Analysis
Order to Cash
- Customer Management
- Sales Order Management
- Raising Sales Invoices
- Accounts Receivable
- Credit Control
- Aged Debtor Analysis
GL and Fixed Assets
- Fixed Assets Register
- Depreciation Set-Up & Run
- GL Reconciliations
- Month End Close
- Journal Entries
KPI Reporting and Financial Planning and Analysis
- VAT Reporting
- Management Reporting
- Forecasting & Budgeting
- Cash Flow
- Bespoke KPI Reporting KPI
TOWARDS A VIBRANT FUTURE
With an enthused motivational drive and sheer sincerity towards work, GI forges ahead towards a robust expansion plan and strengthening its footprint globally in a variegation of finance and accounting realm comprising Management accounting, YE Accounting, Taxation, Payroll, Dedicated Resource outsourcing.
Increased service offerings and increased geographical expansions arethe two-pronged strategy the company will focus on in the near future. Withal, the team aspires to expand its horizons into Cloud Computing, Advisory to India outbound business to geographies, Advisory to India inbound business from all geographies across their network, Virtual CFO, Corporate secretarial and Company Formation, Directorship services, International Entity Health checks, Common Reporting Standards and Compliance services: FATCA / KYC Compliance. Concurrently, the firm awaits the opportunity to develop new markets; deepen its reach in UK and Ireland, foray into the USA, Canada, Australia, Singapore, Dubai and Hongkong.
GI Outsourcing has been the ideal choice for a multitude of people as their foremost financial consultants. The organization has embarked on a new benchmark in the industry. It has served many for over 21 years and will continue the incredible work.
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